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Not entirely sure how it works at a regional firm, probably about the same, but at Big 4/top 10 you don't negotiate raises. Unless you have an offer somewhere else and you think your current firm can't lose you and would be willing to match, you have zero leverage.
Right, you have to either hope they don't call your bluff, or not be bluffing.
Always negotiate even though 11% sounds pretty good. Inflation is around 4% so that is like a 7% real raise
Still negotiate even if they respond with no because it shows you are serious
That sounds like a pretty good raise.
You have to talk about your salary expectations before the raise. Afterwards, it’s pretty much set. You can try again next year but your raise seems pretty high up there considering that firms are still laying people off in this economy.
Normally from my experience promotions normally come with raises between 8-12% and then you would add your merit increase to that which is dependent on performance and how well the firm does. From what I’ve read on here and talking to people at other firms raises across the board in PA this year weren’t great. So I would say 11% isn’t amazing but not unheard of either.
Also at most firms you get what they give you. There isn’t really a formal negotiation process for annual merit or internal promotions in PA at most firms.
I don't think I have gotten a raise of over 10% from a promotion in my life. I think the biggest raise I received around 9%.
a raise of 11% is a good raise, it's one of the highest I have seen without having to change companies. Not sure what you were expecting.
15-20% is not uncommon for a promotion year in PA, so they were probably expecting around that. Market just sucks right now, so raises are lower.